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Using the information below, calculate the net operating working capital for 2020. Balance Sheet as of December 31 (Millions of Dollars) 2020 2019 2020 2019

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Using the information below, calculate the net operating working capital for 2020. Balance Sheet as of December 31 (Millions of Dollars) 2020 2019 2020 2019 Liabilities and Assets Equity Cash $1,044 $900 Accounts payable $1.247 $1,077 Short-term 90 100 Accruals 550 500 Investments Notes Accounts Receivable 2,002 1.726 645 575 payable Total Current Inventories 5,055 4,367 2,442 2.152 Liabilities Total Current 8,192 7,093 Assets Long-term 2.814 3.174 debt Net plant and 10.111 8.733 Total Liabilities 5,256 5,326 equipment Common Total Assets $18,302 $15,826 2,400 2.500 stock Retained earnings 10.647 8,000 Total common 13,047 10.500 equity Total liabilities and $18,302 $15,826 equity $6.305 56.295 56.128 55.781

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